Economics homework help

                         CANADA ENVIRONMENTAL ECONOMICS
 
 
The term project includes three elements:

  1. The identification of the problem. (3 pages)

1.1. Why is this a problem?
1.2. What type of economic goods or resources are involved in the problem?
1.3. What are the parties involved (i.e., who is degrading environmental quality and who is suffering its consequences?)
1.4. What are the economic causes of the problem?
1.5. What are the economic costs/benefits of the problem?
 

  1. The socially optimal level of production/consumption/pollution/conservation of a good or resource. (2 pages)

2.1. Efficiency analysis: marginal damage cost curve and marginal abatement cost curve.
2.2. Socially efficient level of consumption/production.

  1. The solution: the policy instrument that can help address the problem. (5 pages)

3.1. Criteria to select the policy instruments.
3.2. Uncertainty and information asymmetries.
3.3. Price and nonprice instruments.
3.4. Graphical analysis of the policy proposal.
3.5. Assumptions and pre-conditions.
3.6. Limitations of the proposed policy.
 
Format requirements • Length of the document: 10 pages (according to the number of pages defined above for each of the sections).
This number of pages does not include references.

  • Font type size: Garamond, Times New Roman, Calibri, Arial; size 11-point. • Line space: 1.15 or 1.5. • Page margins: 2,54 cm per side.

Economics homework help

  write a short paper (4-5 pages, 11 font, double-spaced) that summarizes the article, assesses its argument, and discusses its implications.
choose one of the articles listed below:
 

  1. The Macroeconomic Consequences of Remittances by Berrak Bahadir, Santanu Chatterjee and Thomas Lebesmuehlbacher

https://www.sciencedirect.com/science/article/pii/S0022199618300102 (Links to an external site.)
2.   Business Cycles in Emerging Economies: The Role of Interest Rates by Pablo Neumeyer and Fabrizio Perri
https://www.sciencedirect.com/science/article/pii/S0304393205000036 (Links to an external site.)
3.   When is the Government Spending Multiplier is Large? By Lawrence Christiano, Martin Eichenbaum, and Sergio Rebelo
https://www.journals.uchicago.edu/doi/abs/10.1086/659312 (Links to an external site.)
4.   Land-price Dynamics and Macroeconomic Fluctuations by Zheng Liu, Pengfei Wang, Tao Zha
https://onlinelibrary.wiley.com/doi/full/10.3982/ECTA8994 (Links to an external site.)
5.   DSGE Models for Monetary Analysis by Lawrence Christiano, Mathias Trabandt, and Karl Walentin
https://www.sciencedirect.com/science/article/pii/B9780444532381000077 (Links to an external site.)
6.  Monetary Policy and Unemployment by Jordi Gali
https://www.sciencedirect.com/science/article/pii/B9780444532381000107

Economics homework help

 
Currency Depreciation 
In a critical essay, evaluate the three major approaches to analyzing the economic impact of currency depreciation: the elasticities approach, the absorption approach, and the monetary approach. Compare and contrast the three approaches and provide examples which distinguish them from each other.

  • Your essay is required to be five to six pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.
  • Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles.
  •  follow APA style guidelines.
  • 100% free plagiarism

Economics homework help

Feeback  However, I was expecting more details following the rubric and format. It seems that a lot of this information is from outside research
fixed one thing
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    PERSONAL FINANCIAL PLAN
    Date:10/25/2020
    Economics of Personal finance
    By: Jasmin Linthicum
     
    Part 1: Foundation of the Plan
    In this case we will prepare a financial plan for Calvin, who is a middle-aged person and is aiming to achieve his goals of having enough savings in order to allow him to retire. The savings will eventually cater for his needs in his time of retirement. At this time, Calvin has made a couple investments which he is unsure of whether or not will go through well. Calvin is also not certain whether he has sufficient resources as far as finances are concerned to take him through the rest of his life. (Murphy & Yetmar, 2010). Failure to plan is planning to fail in one way or the other. The amount of finance that is there and what he prospects to have must ne planned for, for future use and generations to come. We hope that the personal financial plan will address all the necessary challenges and offer a solution to the client in the best of our ability.
    Part 2: Managing Assets
    In this part we will do a calculation of Calvin’s total net worth as far as his assets are concerned. This will be achieved by taking a sum of all his assets and then deducting all of his liabilities. Once we find out that Calvin has a negative net worth, this will mean that he has to focus more on reducing his debts to cover for it. In asset management we will look at things such as cash and other equivalents of cash, accounts connected to brokerage, the value of his home etc. Each of these assets will be added up and balanced with his liabilities. (Murphy & Yetmar, 2010). By managing the assets Calvin will be able to identify and manage the risks that may be associated with ownership of certain assets. It will also aid in the traceability of all the assets owned by the client, remove worn out, obsolete and stolen assets from his record also referred to as ghost assets to avoid tracking them in future. To perform as strategic asset management, we look forward applying the best asset management software that will easily enable traceability of all assets that belong to Calvin. The software will ease in developing the asset inventory, computation of life cycle costs, determining the level of services offered by the assets while at the same time enable the client to establish long term financial planning. With a well-established financial plan, Calvin will be able to develop long term financial plans by identifying the most feasible objectives and the ones that need to be given priority. The information will aid in explaining how Calvin acquired and used the assets as the information will be available in a database.
    Part 3: Managing Liabilities
    Once we are done calculating Calvin’s personal net worth, checking out the real value of his liabilities will be the next thing, with an aim of working to bring it down. Working on reducing the debts with high interests such as those of credit cards as well as personal loans will be key. Elimination of most if not all debts always comes in handy. In this case we will take a good look at all debts that are under Calvin’s name and get those ones cleared. (Gitman, Joehnk & Billingsley, 2013).
    The primary goal of liability management is to maximize earnings and returns on assets within acceptable levels of risks. The management of liabilities will enable Calvin from running into bad debts. That may result into business failure and worse of all government interventions that may lead to closure of his investments. A good accounting software is projected to be used to keep an eye of his outstanding debts. We advise Calvin to talk to all his creditor about his loan terms ad this will enable him prevent increment of monthly repayments and interest payments. A good payment plan should be over a long period of time and this will enhance conveniences in the payment process. Discussing with the creditors about payment terms is encouraged as it shows the willingness to pay the debts and this is also encouraged for Calvin to do.
    Part 4: Managing Risk
    In this part we will have a look at how to better manage risks by determining how much Calvin needs to be able to cover them through insurance. Some of the risks that Calvin needs to take a closer look at include but are not limited to insurance on auto, health insurance, and insurance on life as well as a homeowner’s insurance cover. Different people have different needs as far as insurance is concerned and thus Calvin’s insurance needs are also different from other people’s. Factors that will definitely affect these choices of insurance will include profession, age, status of economy, health as well as family status. (Gitman, Joehnk & Billingsley, 2013).
    After identifying the risks, efficient strategies must be put in place in order to mitigate the risk. We advise Calvin to keep adequate emergency funds in case of any uncertainty that may arise. Diversification of investments is another step in risk management. This step will prevent Calvin from being overly dependent on one source of capital and also enable him minimize risks by spreading out his investment across a wide range of portfolios preventing him from big losses. We advise Calvin to have am alternative source of income in case the main investment fails. We advise our client to always read the fine print as it always favor the other party in case of a business crisis.
    Part 5. Investment Strategy
    Calvin will need to determine how much of conservancy he needs in regards to investment; all this based on the initial financial projections. If Calvin manages to use an asset allocation of about 45%, this will keep his risks at par with the already set overall goals. This will also be able to provide returns sufficient enough to cover the set goals. (Altfest, 2004).  The investment strategy that reduces risk and maximizes the return is the one that we will adopt for Calvin. We encourage Calvin to invest in what he understands and what is interesting to him in that he can easily make decision pertaining the investment. At his middle age, it’s a high time that he starts investing because the longer the money is invested the higher the returns. Since these are his working years, Calvin should set up and stick with a determined cash flow management. He can only achieve this by automatically achieving a certain percentage of his salary monthly.
    Part 6: Retirement and Estate Planning
    The transition from young to old age is inevitable. Retirement and estate planning will enable Calvin decide how he wants his assets distributed after he dies. In this personal financial plan, Calvin will be required to get the services of a lawyer in order to help him with getting documents for planning an estate. The same lawyer will be in a position to help with coming up with a will as well. (Altfest, 2004). Retirement planning will enable to decide what they want to have in future as a house, a company or even a spouse. To achieve this Calvin is mandated to have a pre-retirement budget, goals on savings, determine the best investment strategy as well as having a will a patient decree already prepared by his lawyer.
    Other retirement plans will be investing in a divided portfolio or bonds which will eventually give Calvin a constant cash flow in addition to his pension and other benefits of retirement. (Altfest, 2004)
     
     
    WORKSHEETS:
     
    Worksheet on Calvin’s assets:

    • Cash & equivalents of cash – $100,000
    • Brokerage account – $315,000 with a current valuation of = $200,000
    • Retirement Annuity ($250,000 with a current valuation of = $130,000
    • Calvin’s account = $520,000), with an employer match of = 3%
    • Value of home = $388,000 with staggering = $120,000 mortgage rated at 4.5% on interest
    • Calvin’s three-year-old car is valued at = $27,000. With a balance on loan = $9,500.

    Worksheet on Calvin’s liabilities:

    • Vehicle loan = $9,500
    • Mortgage = $120,000

     
     
     
     
     
     
     
     
     
     
     
    REFERENCES:
     
    Altfest, L. (2004). Personal financial planning: Origins, developments and a plan for future direction. The American Economist48(2), 53-60.
    Corlett, J. B., Corlett, P. G., Maree, J. W., & MacDougall, B. H. (2001). U.S. Patent No. 6,253,192. Washington, DC: U.S. Patent and Trademark Office.
    Gitman, L. J., Joehnk, M. D., & Billingsley, R. (2013). Personal financial planning. Cengage Learning.
    Murphy, D. S., & Yetmar, S. (2010). Personal financial planning attitudes: a preliminary study of graduate students. Management Research Review.

Economics homework help

You must include a preliminary Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis for your chosen project.
***SEE ATTACHED FILE for TOPIC***
View the following which include specific information on elements of the SWOT analysis required
Feasibility StudyTemplate https://www.youtube.com/watch?v=gNsimuW0dJU
“Community Assessment,” https://ctb.ku.edu/en/table-of-contents/assessment/assessing-community-needs-and-resources/swot-analysis/main
Submit your Concept Paper with the required headings.
Be sure to review the article, “Assessing the Feasibility, Performance of Geriatric Clinics,”
Feasibility Study Concept Paper
The Paper:
·  Must be a minimum of three double-spaced pages
·  Must list at least six scholarly sources

Economics homework help

Purpose 
In this project, you will demonstrate an understanding of management and leadership. You will be exposed to various leadership skills and styles.  After reading the project’s case scenario, you will apply what has been learned to make recommendations for a new position at Tasty Products.  Keep in mind that this project is a research project and not an essay. The student is expected to make significant use of course materials.  
Your completed project will be 4-5 pages in length, excluding its title and reference page.
Outcome Met by Completing This Assignment

  • demonstrate leadership skills by communicating a shared vision, motivating and empowering others, and creating a culture of ethical decision-making and innovation

How to Set Up the Paper
Create a Word or Rich Text Format (RTF) document that is double-spaced using 12-point font.
Create an APA compliant title page to include: project title, course number, section numbers, student’s name and instructor’s name.
Scenario
Tasty Products, a billion-dollar multinational company, has for more than 25 years has developed, produced and distributed organic food products to major retailers (e.g., Whole Foods; Costco, Safeway) throughout the United States. These products are noted for their salutatory effects, including stable blood glucose levels. Tasty Products has recently decided to launch a new line of products.
It will develop, produce and distribute all-naturally flavored protein bars to its new and existing clients. This new line of all-naturally flavored protein bars will necessitate the establishment of a new division to develop, produce, market and distribute the product. A new Executive Vice President will need to be selected to establish and lead the new division.
Your company, Wiz Consultants, has been retained to help Tasty Products’ Human Resources Director make the final selection from the candidates she has previously interviewed and narrowed to three (3) possibilities. She has prepared a detailed written profile for each candidate.
Tasty Products’ Human Resources Director has explained to you that she has been directed to find the best person to establish and run the new division. The Human Resources Director further explained that the protein bar industry consists of many well-established companies. Accordingly, the ideal candidate will need to be able to learn quickly and be able to handle a number of complex leadership and management tasks.
These complex management and leadership tasks include the following: developing innovative strategy, creating well-made products, effective product marketing, developing and managing the processes and procedures for employees to follow and creating and articulating a clear vision for the new division. Strong leadership will be the key to the all-naturally flavored energy bars’ success.
The Executive VP will be the face of Tasty Products’ new brand to existing and prospective clients (e.g., Whole Foods, Safeway, Costco, and the like). A key to success with existing clients and prospective clients will be the ability to communicate to them “What makes Tasty Products naturally flavored protein bars special.” The new Executive VP must be viewed as a person of integrity and an innovative problem solver.
The Executive VP  must be seen by current employees and newly hired employees and their managers, who will all work in the new division, as a leader who understands and supports the the culture, values and traditions of Tasty Products. In a short period of time, Tasty Products’ leadership expects the new Executive VP to have met the leadership and management expectations discussed above and have the new division running efficiently and productively.
In summary, Tasty Products’ desire is that the new Executive VP for the Energy Bars Division will have the array of excellent  management and leadership skills necessary to lead the new division.
Your specific role is as follows:
Analyze the three (3) candidate profiles the HR Director has provided to you.
Explain the strengths and weaknesses of each of the candidates.
Select the top (3) candidates and rank order them 1, 2, and 3. One (1) is the highest rank.
Explain why you would select the candidate you did as being your number first choice.
Explain, using your judgement, what each of the other 2 candidates lacked.
Candidate Summary of Transcripts
T.J. Max
TJ has spent the past 13 years working for Star Lite Foods, a mid-sized, $220 million in annual sales, vegetarian food distribution company, headquarter and operating its largest facility in Arizona.  She started with the company working on the production line that selected the vegetables suitable for distribution throughout the western section of the United States.  For the next 4 years, she worked in a variety of management jobs overseeing production.
TJ then worked for 7 years as a Regional Manager in Idaho responsible for increasing the production of vegetables on farms that Star Lite used as sources for vegetables needed for their own vegetable production. During her run as a Regional Manager she was responsible for making visits to farms to help each farm in the Safe Lite network develop a business plan.  The focus of these business plans was to help each farm develop a vision, mission, and general operations plan to help ensure production was stable.
TJ credits her success in that role to her ability to get local farmers to work together, as opposed to independently.  She created a program, Community Communications, to keep farmers up to date on farm news affecting the region and to encourage the building of cooperative relationships. TJ’s staff set up a blog and website and expanded social media channels to supplement her Community Communication initiative. These enhancements enabled the latest up-to-date sources of information for farming related issues and encouraged the cooperative development of strategic goals and plans.
TJ was promoted and has served for the past 3 years as Star Lite Foods Vice President of New Product Design and Marketing Department. She proposed focusing on making quality products that can be sourced from local vendors.  She stated that once established, the company could initiate a move to being more environmentally and attentive to the well-being of consumers.  TJ has long advocated for natural products, whenever possible and the need for more nutritious and healthy food lines. Management sees TJ as clever and creative.
TJ proudly stated that she likes to surround herself with good people. TJ indicated she likes to delegate because she feels her team of workers needs the freedom to make decisions.  She feels people produce more and like work better without strict guidance. She is hands-off. TJ boasted that the team was instrumental in helping Star Lite obtain a double-digit increase in market share.
TJ is well-liked by her employees. She communicates what is important and has a good sense of timing.   They, at times, describe her as distant but when they seek her judgment or she offers an opinion, they respect it.  TJ is very open to conversations with others and is known to be truthful and subtle.  She often indicates she’d like to think about the issue or question before she answers but she always follow-ups, even if it is a day or so later. It is apparent that TJ likes people. TJ will not tolerate employees that don’t work well with others and she is very comfortable working with everyone.
TJ is confident that her hard work to advance her career and track record in a variety of complex jobs make her very capable to take on the new role. TJ earned her B.A. in Business in a part-time program at a local college in Idaho.
L. L. Bean 
LL started Bean’s Frozen Heath 15 years ago. LL started Bean’s Frozen Heath in his basement. The company distributes its products throughout the United States and Canada.     Sales are currently $360 million annually. Tasty Products agreed to purchase Bean’s Frozen Heath.  LL’s innovation in moving his standard selling of freshly produced vegetarian to local supermarkets and specialty food stores to frozen and pre-packaged goods he could market and sell throughout the US and Canada, led to rapid growth — both in terms of sales and employees, which currently exceed 250.
He was known for his charismatic leadership style and hands on management. Although popular with employees and managers he was known to be focused and driven. His primary areas of focus were strategic planning, marketing and product development. Employees characterized LL’s company as a pleasant place to work and one where they were treated fairly.
LL agreed to stay on in a leadership capacity with Tasty Products for 3 years, but his exact role has yet to be determined. He thinks leading this new division would be a good fit.
LL’s agreement makes accommodations for several of the key managers and key employees (sales, marketing) to work for Tasty Products.  Their roles have yet to be decided but LL would have a say in that. The relationship among these key employees is informal, everyone calls each other by their first names, and they like to talk about business and work well together. LL indicated that he expects everyone to jump in when a task needs to be done.
LL often says, “there are thinkers and there are doers. Doers get the job done. If we make mistakes, we’ll fix them. Perfection is the enemy of the good. And, in business to stay ahead of the competition, taking risk is necessary.” He sees himself as a doer and driver of others. LL frequently held town hall meetings to rally the troops and communicate vision. He is very direct and blunt in his one on one. Often there seems to be little reflection before he speaks.
LL admitted that while he depends on the people that comprise Bean’s Frozen Health, that he likes to be immersed in the business and always wants to stay informed as to what is happening within every department.  He likes to walk around and chat with people although he does not like to waste his time or the time of others.
He also shared that he has limited formal educational experience with marketing since as the company grew he used in-house personnel and top-of-the-line marketing firms but he believes that  that since he has been leading Beans’ Frozen Health through its growth stages that he could easily manage Tasty Products new venture. He boasts that he is a proven innovator and entrepreneur.
As a proven innovator and entrepreneur having stated and built a large company, LL feels confident, he is the best candidate. LL dropped out of college in his senior year to pursue his business.
J. C. Penney
JC started his role at Tasty Products 12 years ago.  Based on his prior 18 months of experience overseeing production for a small (1m) in annual sales protein bar company, JC was hired as a production manager at Tasty Products San Diego facility. His detail-oriented efficiency became widely known throughout Tasty Products and, for the past 4 years, has been working for Tasty Products as the Deputy Director of quality control and all production throughout the U.S. and Canada. He focuses on helping ensure all natural and organic products are environmentally friendly and appeal to consumer price points.
JC is highly regarded within the employee ranks as a fair manager. He applies policies and procedures in a very even-handed manner.  JC at times can be seen as distracted by the details of production and quality and tends to get deeply involved in other areas of line operations. He has led a number of committees to plan new product development and distribution but has not yet been delegated those tasks as a recurring part of his current role.  JC has hired a group of highly educated employees.
JC’s employees comment that he seeks a lot of data before rendering an opinion or a direction to follow. JC is known to be ethical and trustworthy. He never reacts immediately to what is being said and likes to take time to research most things before he replies. JC likes to say, “the devil is in the details.”
He holds monthly staff meetings but generally these are with specific groups on specific topics that he asked certain employees with expertise in those areas to report on the meetings. Management places a great deal of confidence in what JC suggests and recommends.
JC sees himself as both a manager and mentor who focuses on employee development. For example, in the technical areas of production and quality control JC provides very hands-on guidance and expresses exactly what he’d like to see the end product or report look like. JC is seen as a deep thinker and one who acts when he is certain of the next step. He is known to be someone management can rely on to solve complex technical issues. His opinions, however, in all aspects of the company are valued by management.
JC admitted he does not have any marketing or sales experience, but he has had a role in overseeing committees that made recommendations in those areas, including developing the new naturally flavored protein bar line of products. He has a strong desire to see the company become a leader in the protein bar market.
JC noted in his cover letter that although he has more hands-on experience in some areas of the new Executive VP role than others he believes, nonetheless, he would be a good fit for the new position because he is committed to Tasty Products. He understands the company’s vision, mission, and core values. JC stated he has demonstrated the managerial and leadership skills to guide the team to success.
JC believes his proven record at Tasty Products, his engineering background and advanced education as well as the respect he is accorded by employees and management at Tasty Products make him an ideal candidate for the new role. JC has a degree in electrical engineering from Penn State and an MBA from Wharton.
Instructions: 
You have been asked to review the three candidates and make a recommendation for the Executive Vice President position.  The new Executive VP will have a lot of responsibility in managing and leading.
You will evaluate each of the three candidates considering each candidate’s full body of experience and how their experience aligns with HR Director’s expectations for the new position as well as how each candidate will lead within the context of Tasty Products desire to create all-natural brands of various products.
Use the following headings and instructions to complete the project:
Introduction

  • Write an Introduction paragraph.  The Introduction paragraph is the first paragraph of the paper and will be used to describe to the reader the intent of the paper explaining the main points covered in the paper.  This intent should be understood prior to reading the remainder of the paper so the reader knows exactly what is being covered in the paper.  The introduction is often written last.
  • Consider writing the introduction last to ensure that all of the main points are covered.

Management Skills

  • Identify and discuss the management skills that each candidate possesses.

Leadership Skills

  • Identify and discuss the leadership skills that each candidate possesses.

Leadership Style 

  • Identify and discuss the leadership style of each candidate.

Candidate Recommendation

  • Recommend and justify the first (1st) choice candidate that Wiz Consultants recommends.

Rejected Candidate (second choice)
Explain the reasons Wiz Consultants second choice candidate was not selected.
Rejected Candidate (third choice) 

  • Explain the reasons Wiz Consultants third choice candidate was not selected.

Conclusion

  • Create a concluding paragraph.  The conclusion paragraph highlights the major findings covered in the paper.

References:
sources:
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/why-it-matters-groups-teams-and-teamwork/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-common-group-behaviors/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-types-of-teams/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-building-effective-teams/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-the-five-stages-of-team-development/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-conflict-within-teams/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/putting-it-together-groups-teams-and-teamwork/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/recruiting-and-selecting-qualified-job-applicants/

Economics homework help

Explain why pricing and production are extent decisions and not decisions that should be tackled with break-even analysis. Does the same apply for investment decisions? Provide a rationale to support your response.

economics homework help

Select two of the three cases presented below and prepare a three-page written analysis of each case (six pages total). These case studies provide real-world application to concepts you have studied during this course.
For this assignment, you are required to upload your work to your ePortfolio in addition to Waypoint. Learn more about Folio, Ashford’s ePortfolio tool, by viewing the Folio Quick Start Guide (Links to an external site.).
Submit your file to Waypoint using the button below. Then paste the link to your Folio page as a comment in Waypoint so your instructor can access your ePortfolio.
Case 1: Government Spending and Taxation
Read Special Topic 1, pages 404 through 418 of Macroeconomics: Private and Public Choice. You may also want to review Chapters 5 and 6 as the role of the government and the political process were covered in detail.
Using the Government Spending and Taxation case, Chapters 5 and 6, the knowledge you have gained in this course, as well as at least three additional credible resources, analyze the case by addressing the following:

  • Describe how government spending and the composition of the government changed in recent decades. In other words, in what areas has the government cut spending and in what areas has the government increased spending in recent decades?
  • Determine if this change in government spending and composition will help Americans achieve a higher living standard. Be sure to support all opinions with research.
  • Assess if democracy can survive if the majority of the U.S. citizens pay little or nothing in taxes while benefiting directly from a higher level of government spending. Why or why not?
  • Propose the composition of government, government spending, and taxation that you believe would work best. Be sure to be specific and support your proposal with research.

Case 2: The Economics of Social Security
Read the Special Topic 2, pages 419 through 428 of Macroeconomics: Private and Public Choice.
Using the Economics of Social Security case, the knowledge you have gained in this course, as well as at least three additional credible resources, analyze the case by addressing the following:

  • Explain how the Social Security system’s basic principles are different from private insurance.
  • Determine how Social Security affects the economic well-being of blacks, relative to whites and Hispanics.
  • Assess if the current Social Security system promotes income equality. Why or why not?
  • Propose how the Social Security system could be modernized to ensure long-term solvency and fairness in distribution. Be specific and support your proposal with research.

Case 3: Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government (Case 4 in the text)
Read the Special Topic 2, pages 439 through 444. You may also want to review Chapters 11 and 12 of Macroeconomics: Private and Public Choice as the role of government and different views of government intervention were discussed.
Using the Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government case, Chapters 11 and 12, the knowledge you have gained in this course, as well as at least three additional credible resources, analyze the case by addressing the following:

  • Describe briefly how Keynes’s and Hayek’s economic theory and views differ.
  • Contrast the two views on how savings may be harmful or beneficial to the economy.
  • Compare the two views on whether the economy would fluctuate more or less over the business cycle without government intervention. Be sure to address both the inherent stability of the market economy as well as the impact of government interventions to steer the economy.
  • Hypothesize on which economist theory, Keynes or Hayek, you believe is more accurate and why. Be specific and support your hypothesis with research.

Your Cases: Applying Economics to the Real World Final Project

  • Must be six to seven double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style (Links to an external site.) resource. Each chosen case should be covered in approximately three pages for a total paper of six pages.
  • Must include a separate title page with the following:
    • Title of paper
    • Student’s name
    • Course name and number
    • Instructor’s name
    • Date submitted
  • Must use at least three credible sources in addition to the course text for each case.
  • Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper (Links to an external site.) guide.
  • Avoid over-dependence on direct quotes. Direct quotes are a great way to strengthen our assertions and provide support. However, be sure to avoid using excessive direct quotes in lieu of original thought. Direct quotes will not meet the requirement for analysis, application, and critical thinking. Please ensure to not overuse direct quote so that you can avoid losing points for this. Review the Integrating Research (Links to an external site.) resource from the Ashford Writing Center for additional guidance.
  • Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications

Economics homework help

The Assignment:
In figure 5-4(c) of our text, the celebrated Phillips curve is depicted.  Discuss its meaning as it relates to wages and unemployment.  Be sure to take advantage of the Tips & Hints and supplemental resources provided.
Respond to at least two of your classmates’ postings.
What Success Looks Like:
Be careful with this one!  This question is deceptively tricky! The question does not ask you to just describe the graph and its axes!  If you merely repeat the definition from the text, you will get minimal credit!  There is much more here and this ties into this week’s Problem Set.  The question does ask you to describe the relation of the variables and the way in which a relationship may be misleading because of the limitations of its sample period… and because the underlying hypothesis was incomplete.  (As a hint, keep in mind that this chapter is about multivariate regression.)
Please be sure to:
1)  Answer the question asked,
2)  Answer all the parts of the question asked,
3)  Proofread your essay for spelling and grammar.
Please note that you will receive the minimum credit (“Below Expectations”) if you merely repeat the definition of the Phillips curve!  We are economists, not parrots!
Discussion 2 addresses a very important concept from economics… which is also often rather misunderstood.  I’ll provide more elaboration on the Philips curve as we progress, but in the meantime:
1) Discuss the meaning of the Philips curve “…as it relates to wages and unemployment.”  What does the Philips curve explain?  And why was it believed to explain it?  It is not enough to simply say that it shows some sort of relationship between wages and unemployment!  You must look deeper!  You need to provide more detail than that.
As a clue, this Week is all about figuring out whether or not you have enough variables or not.  As another clue, the Philips curve as postulated in the 1960s is an example of correlation not being causation!  The trade-off postulated by Philips does not exist!  Why?  Well, back to my clue, maybe there is another variable that should be considered.  This discussion rewards research, on the internet or elsewhere.
The Phillips Curve demonstrates that bad economics can be politically popular… and economically disastrous.  Although American politicians especially took comfort in the Phillips Curve as they attempted to manage employment and inflation in the ’60’s, they were entirely flummoxed when the economy entered “stagflation” in the ’70’s.  In stagflation, unemployment and inflation were both high.  The “misery index” (unemployment rate added to inflation rate) was created to gauge the pain of this situation.  
The inability of the Carter Administration to master this apparent paradox provided Ronald Reagan with some of his most compelling rhetoric and set the stage for President Reagan’s election in 1980.  When I was an undergrad, economists believed that stagflation could only be conquered through a protracted depression or perhaps not at all… probably proving that they were smarter than they were useful.  Interestingly, the limited period examined by the text (as analyzed by the British economist responsible for this eponymous curve) perhaps inadvertently shows how one can reach a flawed conclusion from history if one does not look at enough of the history… and that correlation indeed does not imply causation!
You can watch a splendid animation of the Phillips Curve (Links to an external site.) (Links to an external site.)Links to an external site. as it evolved from 1961 to 1987.  You can also download the slides (Links to an external site.) (Links to an external site.)  (Links to an external site.)Links to an external site.from the corresponding undergraduate macroeconomics lecture at Carnegie Mellon University (just follow the re-direct and you will find yourself at a webpage that will provide you with a variety of interesting options).
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Thompson, P. (2011). Inflation and Unemployment. 88-301 Intermediate Economics, CarnegieMellonUniversity. Retrieved on May 8. 2011 from http://www.google.com/imgres?imgurl=http://www.andrew.cmu.edu/course/88-301/phillips/phillips_curve.gif&imgrefurl=http://www.andrew.cmu.edu/course/88-301/phillips/phillips.html&h=300&w=400&sz=50&tbnid=Y2Q9CFtDWRxdMM:&tbnh=93&tbnw=124&prev=/search%3Fq%3Dphillips%2Bcurve%26tbm%3Disch%26tbo%3Du&zoom=1&q=phillips+curve&hl=en&usg=__PStVhW9uxt6jS95Szv49oIcz4OE=&sa=X&ei=fSXHTaDzCaXv0gHtj_GxCA&sqi=2&ved=0CEEQ9QEwAg